Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Moldova

Horizon Capital Completes Full Exit From Natur Bravo

Posted Mon, 02/11/2009 - 15:29

Citing a very successful investment over the last several years, Eastern European private equity firm Horizon Capital has exited Natur Bravo, selling its controlling stake to a group of private investors. The sale of the stake, which was owned by Horizon's Emerging Europe Growth Fund LP, marks the second exit for the fund since its 2007 close.

EBRD Reviewing Concept for New Balkan Fund

Posted Fri, 05/06/2009 - 15:09

The European Bank for Reconstruction and Development (EBRD) is considering an investment in a new private equity fund designed for the Balkans. Although still in the concept stage, the new fund's size could be as much as EUR 200 million with the EBRD's investment upwards of EUR 40 million. The proposed name of the fund is Emerging Europe Accession Fund and will be managed by Axxess Capital 3 N.V.

Dragon Capital Launches Europe Virgin Fund

Posted Tue, 05/05/2009 - 15:12

Ukrainian private equity firm Dragon Capital, is launching a new fund named the Europe Virgin Fund to provide private equity financing in Ukraine, Moldova and Belarus. The European Bank for Reconstruction and Development (EBRD) is considering investing up to USD 30 million in the fund, but will not exceed 25% of the fund's total commitments.

BSTDB Loans GC Prim USD 10 Million for Construction Project

Posted Tue, 21/04/2009 - 00:00

Moldavian glass packaging company Glass Container Prim, has announced the securing of a $10 million 6-year loan deal from the Black Sea Trade and Development Bank (BSTDB). The BSTDB Board of Directors approved the loan in early April to help complete construction of a new manufacturing facility in Chisinau. With a total start-up cost of approximately USD 35 million, the new facility will create additional jobs and have a production capacity of 140 million bottles annually. The project is the first one in Moldavia to receive capital investment from BSTDB.

J&T Finance Groups Invests in Moldovan Power Plant

Posted Mon, 29/12/2008 - 01:00

United Energy Moldova, subsidiary of J&T Finance Groups, has signed an agreement with The Republic of Moldova to invest 600 million euros to build a coal fired power plant in the town of Ungheni.

Horizon Capital acquires shares in FinComBank and MTB

Posted Fri, 14/12/2007 - 01:00

Horizon Capital expanded its financial institution portfolio further by acquiring a 25% stake in FinComBank (Moldova) and 31.5% stake in MTB (Belarus).